This onerous tax on capital is a U.S. competitive disadvantage in the global economy, which is why Congress agreed in 2003 to cut the rates on dividends and capital gains.
Amgen (nasdaq: AMGN - news - people ) faced a chorus of protest from patients and doctors after it stopped developing a medicine for Parkinson's disease because of its onerous side effects.
While foreign investors consider it onerous, many still invest in the U.S. because of its clear legal system and a transparent property market, where price and performance data is easy to obtain.